Conveniently located just off Highway 55, this expansive 37.22-acre property features open, gently rolling terrain and offers a rare combination of space, privacy, and long-term potential. Portions of the land are currently leased at $225 per acre, totaling 17.82 leased acres. With several recent major sales nearby, the area shows strong indicators for future value, making this an ideal opportunity to establish a homestead while maintaining flexibility for future use. The prior homestead has been removed, and any new construction would require new well and septic approvals. Additional property and development information is available in the supplements. Situated in the Urban Reserve of Corcoran, the property offers multiple future-use pathways. It may be eligible for subdivision through Hennepin County’s Cluster Option and Open Space & Preservation (OS&P) framework, which allows clustered residential lots while preserving significant open space, subject to city and county approvals. Alternatively, the property offers an excellent opportunity for a private estate or, through plat approval, a multi-generational family compound created by subdividing into up to four single-family homesites. Corcoran spans nearly 36 square miles—comparable in size to Maple Grove or Plymouth—and is located along the western edge of Hennepin County. Despite steady growth, the city retains a charming rural character, blending residential neighborhoods, rural homesteads, and active farms. Home to approximately 5,500 residents, Corcoran also provides convenient access to Hennepin County’s extensive park system, with over 27,000 acres of parks and trails.